October 25, 2017

Apple co-founder: Bitcoin Is Better Than Gold And The Dollar

Apple co-founder Steve Wozniak, a mathematician by training, believes bitcoin is superior to both as a medium and store of value for one crucial reason: Its mathematically determined supply of 21 million coins makes it impossible to dilute the existing supply, making it more secure.

As Bitcoin Magazine reported, Wozniak feels a currency is more “stable” when it cannot be diluted.

“There is a certain finite amount of bitcoin that can ever exist. Gold gets mined and mined and mined. Maybe there’s a finite amount of gold in the world, but Bitcoin is even more mathematical and regulated and nobody can change mathematics.”

In this sense, Wozniak described the US dollar as “kind of phony,” while describing Bitcoin as more “genuine and real.”